Shares of HealthEquity, Inc. (NASDAQ:HQY – Get Free Report) shot up 4.5% during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $102.00 to $103.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. HealthEquity traded as high as $82.35 and last traded at $82.20. 362,319 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 617,661 shares. The stock had previously closed at $78.63.
A number of other brokerages have also recently issued reports on HQY. JMP Securities reaffirmed a “market outperform” rating and set a $105.00 target price on shares of HealthEquity in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of HealthEquity from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Robert W. Baird lifted their target price on shares of HealthEquity from $98.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. Barrington Research restated an “outperform” rating and set a $105.00 price target on shares of HealthEquity in a report on Friday, August 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $92.00 price objective on shares of HealthEquity in a research note on Wednesday. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.83.
View Our Latest Stock Report on HealthEquity
Insider Buying and Selling
Institutional Investors Weigh In On HealthEquity
Institutional investors have recently added to or reduced their stakes in the stock. Brown Financial Advisors acquired a new position in shares of HealthEquity in the 2nd quarter worth approximately $331,000. Clearbridge Investments LLC grew its position in HealthEquity by 1.9% in the second quarter. Clearbridge Investments LLC now owns 2,377,204 shares of the company’s stock valued at $204,915,000 after acquiring an additional 43,491 shares during the period. Truist Financial Corp raised its stake in HealthEquity by 7.0% during the second quarter. Truist Financial Corp now owns 2,864 shares of the company’s stock worth $247,000 after acquiring an additional 188 shares in the last quarter. Chase Investment Counsel Corp lifted its holdings in shares of HealthEquity by 19.1% during the second quarter. Chase Investment Counsel Corp now owns 40,986 shares of the company’s stock valued at $3,532,000 after acquiring an additional 6,572 shares during the period. Finally, Creative Planning boosted its stake in shares of HealthEquity by 25.0% in the 2nd quarter. Creative Planning now owns 19,926 shares of the company’s stock valued at $1,718,000 after purchasing an additional 3,983 shares in the last quarter. 99.55% of the stock is owned by institutional investors and hedge funds.
HealthEquity Price Performance
The company has a market cap of $6.92 billion, a price-to-earnings ratio of 86.40, a P/E/G ratio of 1.34 and a beta of 0.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 4.39 and a current ratio of 4.39. The company’s 50 day moving average price is $77.23 and its 200 day moving average price is $79.70.
HealthEquity (NASDAQ:HQY – Get Free Report) last issued its quarterly earnings data on Monday, June 3rd. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.08. The firm had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $278.78 million. HealthEquity had a net margin of 7.71% and a return on equity of 7.77%. On average, equities research analysts predict that HealthEquity, Inc. will post 2.12 earnings per share for the current fiscal year.
About HealthEquity
HealthEquity, Inc provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts.
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